Artificial intelligence (AI) has redefined the way many sectors operate today. Among those affected is the crypto market. As various crypto platforms harness AI to enhance their functionalities, crypto trading is not left out. If you are looking for the best AI trading platforms in the UK, this is your final stop.
This article discusses the seven best AI trading platforms in the UK. For context, these automated trading bots use predefined algorithms to execute trades independently of human intervention. These AI trading robots can operate by tracking market indicators, such as price trends, traded volumes, order book data, and others.
What is the difference between an AI trading platform and traditional trading platform?
Here are the differences between an AI trading platform and a traditional trading platform:
Speed
Since human traders operate traditional trading platforms, they are slower in comparison to AI trading platforms, which are run by automated algorithms.
Flexibility
AI trading platforms rely on algorithms. As a result, trading decisions are executed based on pre-programmed scenarios. On the other hand, traditional trading platforms allow for unexpected events. In cases where the crypto market takes a sudden turn, human traders can navigate their way through the hurdles.
Emotional bias
Traditional trading platforms rely on human traders, whose emotions often interfere with their trading activities. At times, humans’ emotions lead to poor judgment on trading decisions. Conversely, AI trading platforms rely on algorithms, which are emotionless.
Diversification
AI trading platforms can track multiple cryptocurrencies simultaneously. On the other hand, a traditional trading platform cannot do that because human traders can only focus on a limited number of crypto assets at a time.
Cost
AI trading platforms require users to pay upfront for most automated services, whereas traditional trading platforms typically incur less expense, as humans perform the tasks themselves.
Top AI trading platforms in the UK: 7 Picks
Here are the seven best AI trading platforms discussed in this article:
- Cryptohopper
- 3Commas
- Coinrule
- WunderTrading
- Kryll
- Stoic AI
- Bitsgap
Cryptohopper
Cryptohopper is a platform that offers a range of AI tools for cryptocurrency trading. The platform touts itself as “the most customizable crypto trading bot.” This implies that Cryptohopper allows users to fine-tune their AI-powered trading activities to their taste. Users can choose from a range of simple features, including automatic trading, social trading, dollar-cost averaging (DCA), and copy bots. They can also select from advanced features, such as paper trading, backtesting, and other professional tools.
Traders can connect their exchange accounts to Cryptohopper to access automated trading capabilities. The platform supports exchanges like Binance, OKX, KuCoin, HTX, Coinbase, and Kraken. Cryptohopper supports trading for over 10,400 cryptocurrencies. The AI-powered crypto trading platform offers four pricing tiers (Pioneer, Explorer, Adventurer, and Hero), each unlocking access to a range of services.
Pros
- Suitable for new and experienced traders.
- Supports over 10,400 cryptocurrencies.
- Supports integration with many crypto exchanges.
- The Pioneer pricing tier is free for users.
Cons
- It is not a regulated platform.
- Paid packages may be expensive for traders with limited funds.
Pricing: Ranges between £17.73 and £78.91 per month.
Minimal deposit: No minimal deposit.
Regulations: Cryptohopper is not regulated by the Financial Conduct Authority (FCA).
Best for Customizable Crypto Trading Bots
3Commas
3Commas is another platform that utilizes AI for crypto trading, thereby eliminating emotion-fueled trading decisions. The platform enables traders to build and backtest their trading strategies before deploying them live. Traders can tap into these features by linking their accounts on any of the 14 supported crypto exchanges to 3Commas.
3Commas streamlines its operations by featuring bots for various services. They include the DCA bot, signal bot, and grid bot. Its AI-driven trading bots have access to real-time market data, enabling users to deploy accurate trades.
Pros
- Enables customization of AI-generated trading strategies.
- 3Commas has a free version.
- Mobile app.
- 3Commas has a knowledge base for learners.
Cons
- It supports only 14 crypto exchanges.
- Not regulated in the UK.
- Limited AI integration, unlike rival platforms.
Pricing: Ranges between £27.16 and £43.31.
Minimal deposit: 10 USDT
Regulations: 3Commas is regulated in the European Economic Area (EEA).
Best for Automated Trading of Altcoins and Bitcoin
Coinrule
Coinrule is an AI trading platform that enables users to create and deploy automated trading bots without requiring programming expertise. Unlike most competitors, which are useful solely within the cryptocurrency market, Coinrule facilitates automated trading across traditional markets. It also allows traders to test their strategies on a simulator before deploying them live.
The AI trading platform enables users to deploy automated strategies on exchanges such as Binance, Coinbase, Kraken, and OKX. It also facilitates the launch of AI-driven trading bots on-chain across blockchains like Arbitrum, Base, and Ethereum.
Pros
- Requires zero coding knowledge to deploy AI bots.
- Suitable for beginners and advanced traders.
- Coinrule has a learning section.
- It has a community for traders to interact.
- It has pre-built templates to enhance the trading experience.
Cons
- Supports limited exchanges compared to competitors.
- Paid tiers may be expensive for some traders.
Pricing: Ranges between £22.05 and £550.73.
Minimal deposit: No minimal deposit.
Regulations: Coinrule is registered as a limited liability company in the UK.
Best for Automated Bot Creation on Crypto and Traditional Markets
WunderTrading
WunderTrading is an AI trading platform that allows users to automate their trading strategies. However, it is heavily dependent on TradingView, a web-based trading tool. Users must own a TradingView account to utilize WunderTrading’s services. After creating the account, they can automate TradingView scripts to become trading-centric bots.
Users can create new strategies or choose from existing ones. They can also harness DCA, Grid, signal, and trading bots to scale up their earnings. The platform offers its services to traders, asset managers, signal providers, and copy traders.
Pros
- Intuitive user interface.
- Supports various crypto exchanges.
- Prices for paid packages are lower than those of most competitors.
Cons
- Unavailable in the EU.
- Heavy dependence on TradingView.
Pricing: Ranges between £10.81 and £48.37.
Minimal deposit: The minimum deposit is £7.30.
Regulations: The company is registered with limited liability in Latvia, a European country.
Best for Maximized Crypto Trading Functionalities Using TradingView
Kryll
Kryll is another platform that offers AI tools for crypto trading. It has four key features that play different roles in bringing the most utility to traders. They are Smartfolio, X-Ray, Gem Detector, and Harpoon. Using these AI-driven tools, users can invest in both established and emerging assets and track their trades across blockchains, including Ethereum, Solana, and other EVM-compatible networks.
Kryll also has a native cryptocurrency, $KRL, which unlocks access to premium features within the project’s ecosystem.
Pros
- Available on mobile and desktop devices.
- Established social media presence.
- Kryll has a native token, $KRL.
Cons
- Kryll is not as sophisticated as competitor platforms.
Pricing: Premium tools are accessible by owning $KRL.
Minimal deposit: The minimum deposit for $KRL using a credit card is £44.
Regulations: It is not regulated by a specific government.
Best for Tracking Crypto Trades Across Blockchains
Stoic AI
Stoic AI is an automated cryptocurrency trading platform that enables users to execute trades with minimal supervision and achieve more efficient returns. Algorithms that traders utilize on the Stoic AI app are developed by Cindicator, a tech firm founded in 2015.
The AI trading tool employs three unique trading strategies, each with its annual percentage yield (APY), which thousands of traders utilize. They are Meta Long Only: The Uptrend King, Meta: 200+ sub-strategies in one, and Fixed Income: Multi-cycle strategy. The platform’s trading bots are usable within four crypto exchanges – Binance, Coinbase, KuCoin, and Crypto.com.
Pros
- Cost-effective pricing tiers.
- Each trading strategy has its own APY.
- Decade-old experience of offering AI-driven trading services.
Cons
- Trading bots are available for only four crypto exchanges.
Pricing: Ranging between £6.56 and £144.99.
Minimal deposit: There is no minimum deposit.
Regulations: The EU regulates the platform.
Best for Affordable AI Trading Bots
Bitsgap
Bitsgap is an AI crypto trading platform that allows users to execute automated trading strategies to maximize their trading profitability. Like most AI trading robots, Bitsgap’s bots can be tapped by connecting to any of over 15 supported crypto exchanges. After executing the trading strategy, the trader can manage their portfolio and access other crypto-centric services.
Bitsgap offers crypto trading bots for both spot and futures markets. As of this writing, users have launched over 4.7 million crypto trading bots on Bitsgap, indicating investors’ massive interest. It serves over 600,000 traders globally.
Pros
- Supports over 15 crypto exchanges.
- Large user base.
- Zero record of security breach.
Cons
- Limited features in the free tier.
Pricing: Ranges between £16.76 and £87.43
Minimal deposit: The minimum deposit varies between exchanges.
Regulations: The platform is regulated by the Estonian government and broader EU authorities.
Best for Wide Selection from Crypto Exchanges
What makes the best AI crypto trading platform: 6 features to look for
Having discussed seven AI crypto trading platforms, let’s highlight six features to look out for when selecting a suitable platform. They are:
- Support for multiple assets and exchanges
No matter how sophisticated an AI crypto trading platform is, it will have minimal patronage when it supports fewer digital assets compared to its competitors. Before deciding which platform to use, it is advisable to check how many cryptocurrencies, exchanges, and blockchains are supported. These will enable you to maximize your trading positions and earnings.
- Pricing packages
Granted, all AI crypto trading platforms discussed in this article have paid tiers. However, their prices vary. At the same time, the features and tools available to users at each price package differ from platform to platform. Check their prices and available tools when selecting AI tools for crypto trading. Also, be wary of platforms with hidden fees that can eat into your profits.
- Security measures
Crypto trading platforms with a history of zero security breaches have a higher chance of gaining a new investor’s trust. Additionally, platforms that have implemented security measures, such as two-factor authentication, have a lower likelihood of falling prey to security exploits. Therefore, it is beneficial to examine the security history of a trading platform when selecting an AI crypto trading interface to use.
- Regulation
Artificial intelligence is a technology that has become increasingly widespread in recent years. Hence, there are not many governments that have begun regulating the use of AI by citizens. Still, it is worth noting that most AI crypto trading platforms discussed in this article have their company registered under the government of a specific country or continent. When selecting a platform for AI-driven crypto trading, ensure that you consider the regulatory body that governs the company’s operations. Also, take into cognisance the AI regulation applicable within your geographical location.
- Human Oversight
No matter how intelligent AI systems are, they can sometimes produce erroneous results. Hence, there is a need for consistent human oversight to downsize the errors that may come from automated systems. This is especially needed during extreme market conditions. This way, traders can be assured that their assets are safe. Having humans handle customer care services also keeps investors’ minds at ease in times of technicality. In most cases, it is helpful to check how many staff the platform has on its About page.
- User Interface
A good AI crypto trading platform should be built in a way that is easy for an average user to understand and use. It should also be accessible from mobile and desktop devices, allowing users to easily track their portfolio from anywhere. Most AI tools for crypto trading make their services user-friendly by including short explainer guides to discuss the function of certain features within the platform.
FAQs
Are AI crypto trading platforms regulated in the UK?
Most platforms discussed in this article are not FCA regulated AI platforms. Still, there are a few AI crypto trading platforms regulated in the UK. An example is Coinrule.
What is the most powerful AI crypto trading bot in the UK?
Coinrule is the most powerful AI crypto trading bot in the UK. It allows users to create, deploy, and monitor automated bots across crypto and traditional markets. It also supports UK-endorsed crypto exchanges, such as Coinbase.
Can AI crypto trading platforms guarantee profits?
Yes. However, this depends on various factors, such as the features available within the pricing package you have subscribed to, the APY associated with each trading bot, and the cryptocurrency being traded.
Conclusion
AI crypto trading platforms have simplified the approach to crypto trading. Taking away the time spent analyzing charts, making emotionally biased trading decisions, and more, AI trading platforms maximize users’ earning potential. This article discussed the seven best AI trading platforms in the UK. While each exchange has its advantages, it is crucial to consider the factors highlighted in this article before selecting an AI trading tool.
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